Trendsharks

Trendsharks

Over the past couple of weeks, investors have been actively shorting oil, shifting their capital towards Bitcoin and leading tech stocks from the US100 (Nasdaq 100). This capital reallocation has put significant downward pressure on oil prices, which initially found temporary support around the $68 mark. However, this support level failed to hold, triggering a...

Trendsharks

Since Friday, the USD/JPY currency pair has experienced a significant drop of over 200 pips, indicating that bearish forces are currently in control of the market. This decline aligns with a classic technical indicator known as the "Death Cross," where the 20-period moving average (MA) crosses below the 60-period MA, signaling strong downward momentum. Late on...

Trendsharks

Gold recently experienced a correction from its all-time high, pulling back sharply and breaking below the immediate support at the 23.6% Fibonacci retracement level. This drop signals a temporary pause in the bullish momentum, suggesting a phase of consolidation. However, the broader trend remains positive, supported by strong technical indicators. The bullish...

Trendsharks

Natural Gas (NGAS) prices are showing strong upward momentum today, following a solid bounce off the $2.82 support level observed yesterday. The asset has gained traction, with buyers taking clear control, as indicated by a bullish crossover where the 20-day moving average (MA) has risen above the 60-day MA. This technical signal suggests increasing buying...

Trendsharks

The FTSE100 index remains firmly in a downtrend, highlighted by several Death Cross patterns appearing since last week. This bearish signal, where the 20-period moving average dips below the 60-period moving average, indicates strong selling pressure and an overall negative market sentiment. However, the current price level is relatively low, which may tempt...

Trendsharks

After a remarkable 1,300-point rally since last week, the US100 index is now losing steam, showing signs of exhaustion as bullish momentum wanes. Many investors are starting to take profits, leading to increased selling pressure and creating a short-term downward shift. This negative sentiment is reinforced by a key technical indicator: the 20-period moving...

Trendsharks

The Germany 40 index is currently in a short-term downtrend, as observed on the 1-hour time frame. This bearish movement is confirmed by a classic technical signal known as the Death Cross, where the 20-period moving average has crossed below the 60-period moving average. This crossover is a strong indicator of weakening momentum. At the moment, the price is...

Trendsharks

After reaching a significant resistance level and forming a Double Top Chart Pattern at $3.00, Natural Gas (NGAS) has begun a notable decline, signaling a potential shift in market sentiment. Currently, a bearish "Death Cross" formation is on the horizon, as the 20-day moving average (MA) appears poised to cross below the 60-day MA. This technical event is widely...

Trendsharks

The US30 index is currently displaying significant bullish momentum, highlighted by the formation of a Golden Cross, where the 20-day moving average (MA) has crossed above the 60-day MA. This technical pattern is widely regarded as a strong upward signal, often indicating the potential for continued price gains. However, after reaching new highs earlier this...

Trendsharks

The Golden Cross pattern, where the 20-day moving average (MA) crosses above the 60-day MA, is a classic bullish signal, indicating a potential shift towards upward momentum and increased buying interest. Currently, the price is undergoing a pullback, testing the region near the 23% Fibonacci retracement level, which often acts as an initial support. However, this...

Trendsharks

Gold (XAUUSD) on the 30-minute chart is showing strong bearish momentum. The Death Cross of the 20-period MA breaking below the 60-period MA signals a shift to a downtrend. Price action confirmed the move with a break below the $2620 support, intensifying selling pressure. A natural pullback took place but only to retest immediate resistance at $2617 (23% Fib...

Trendsharks

On the 4hr chart we can see the 20 MA crossing above the 60 MA, which is a positive bullish sign. The market is already hot, with the RSI dramatically overbought. Before going long, traders might wait for a pullback to retest the zones around 20 890 (23% Fib) or 20 700 (38% Fib).

Trendsharks

The Golden Cross of the 20 MA breaking above the 60 MA is a strong bullish indicator for USD/CAD. The RSI is overbought and the price formed a multiple top pattern around 1.3955, meaning a correction is not impossible. If the price holds above 1.3911 (38% Fib) the up trend might extend above 1.40.

Trendsharks

From last week's swing low, down to 19 000, Germany 40 is enjoying a lot of buying activity. On the 4hr chart a Golden Cross is about to get completed with the 20 period MA breaking above the 60 period MA. If the price holds above 19 278 (38% Fib) the upward momentum could extend higher.

Trendsharks

The Death Cross pattern of the 20 period MA breaking below the 60 period MA is a powerful bearish indicator. The price is currently pulling back, but meets resistance around the 0.6590 level (23% Fib). The next resistance is at 0.6607 (38% Fib) and should these levels hold, the down trend might extend further south.

Trendsharks

The 30-mins chart shows us a bullish Golden Cross of the 20 period MA crossing over the 60 period MA. The 14 period RSI is overbought, which means its not impossible to see a pullback first, testing the zone at 153.13 (38% Fib) or 152.95 (50% Fib).

Trendsharks

Oil is showing a strong bearish momentum on the 30-mins chart, with a Death Cross MA crossover of the 20 period MA dropping below the 60 period MA. Should the price pull back, possible resistance levels could be $71.00 (38% Fib) and $71.34 (50% Fib). If these levels hold, further drop below $70 seems plausible.

Trendsharks

On the 30-minute chart, GBP/USD is displaying encouraging signs of bullish momentum. The 20-period EMA has crossed above the 60-period EMA, indicating strong upward momentum and suggesting continued buying interest. The Fibonacci retracement from the recent low of 1.2844 to the high of 1.3000 highlights key support levels: 23.6% retracement at 1.2964: Price is...